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Bharti Airtel Q4 loss at Rs 5,237 crore, revenue at Rs 23,723 crore –

The telco had posted a profit of Rs 107.2 crore in the same period a year ago.

Bharti Airtel on May 18 reported a net loss of Rs 5,237 crore for quarter ended March 2020.

It had posted a consolidated loss of Rs 1,035.3 crore in the December quarter and profit of Rs 107.2 crore in March quarter 2019.

Consolidated revenue for the quarter stood at Rs 23,723 crore, against Rs 21,947.1 crore in December quarter and Rs 20,602.2 crore in March 2019.

The company posted exceptional items totalling Rs 7,004 crore during the quarter ended on March 31, 2020.

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Also read: Bharti Airtel launches Rs 2,498 prepaid plan with 2GB data daily for 365 days

The stock rallied more than 60 percent in past year, while the year-to-date gain was 20 percent but the stock lost 3 percent in March quarter.

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First Published on May 18, 2020 10:09 pm